Tuesday, November 5, 2019

DJI, NDX Inch to New Highs as SPX Pauses...



© 2019

The DJI and NDX made new all-time closing highs and the SPX paused on Tuesday. 

AAPL, AMD, INTC, JD, NVDA, NXPI, PCAR, SIRI and SWKS all NDX components made six-month highs on Tuesday.

The DJIA, closed up 30 points at 27,492 led by strength in BA, MCD, WBA, XOM and WMT.  Closing above 27,000 for the seventh day in a row.

Seven of eleven sectors were higher on Tuesday, led by XLF, XLP and XLI.

SPY down .34 at 307.03 on 42.9 million shares, below average volume.  Down on lower volume.
VIX up .27 at 13.10
Oil up .75 at 57.27
TLT down 1.56 at 137.15 on 13.4 million shares
GLD down 2.30 at 139.85


WBA, BA, XOM led the DJIA, 15 advancers, -3
KR, FOSL, IFF led the SPX, 248 advancers
REGN, ADBE, ULTA, HSIC led the NDX, 41 advancers

Long term up trend intact.  3-day short term trend is up.

Up: IWM, DIA, QQQ,   
DownSPY,                                                      

Breadth weakened on Tuesday as decliners led 1,568 to 1,375 on the NYSE and advancers led 1,632 to 1,469 on the NASDAQ

The SPX MFC green line is above 80 at 96 and is short-term bullish

Uptrend sectors XLK, XLF, XLV, XLI, XLB,
Neutral sectors:  XLC, XLY, XLE, XLP, XLU, XLRE,
Down trend sectors:

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up
3-day Short Term Market TrendUp

41 of 100 NDX stocks closed higher on Tuesday.

73 NDX stocks are above their 30 DMA:  KLAC, AAPL, ASML, CTXS, ALGN, CELG, CHTR, NVDA, XRAY, COST, SWKS, TSLA, INTC, ISRG, ORLY, AMGN, FAST, GOOGL, NTES, PCAR, SIRI, WYNN, AAL, AMD, INCY, VRTX, BKNG, ISRG, JBHT, JD, NTAP, QCOM, TMUS, UAL, WBA, FOXA, CSX, BIIB, KHC, ALXN, FB, MAR, AMAT, AMZN, AVGO, BMRN, LRCX, MCHP, MSFT, MU, NFLX, VRSN, CHKP, CTRP, MXIM, NXPI, HSIC, ADBE, ADSK, ATVI, CTSH, LBTYA, BIDU, GILD, ROST, SYMC, ADI, CDNS, CSCO, EA, XLNX, MNST, ULTA,


NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 2
MNST, ULTA,

Moving Below 30 DMA = 9
ADP, CERN, CTAS, FISV, IDXX, ILMN, MYL, PAYX, PYPL,


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